The Most Affordable Neighborhoods in Vado, NM by Home Value

These days, finding an affordable place to live in the Vado area can be challenging. Home prices in Vado are now at a median cost of $144,899, lower than the New Mexico average of $265,486.

The average cost of rent is $679/mo in Vado, primarily driven by the current value of real estate in the Vado area. In Vado, 28.52% of households rent, and 78.96% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Vado is $3,189 per month. Households that rent pay about 21.29% of their income on rent here. Vado’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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